Cryptocurrency Live News & Updates : Markets Calm Ahead of Powell's Jackson Hole Speech
Volatility across asset classes has significantly decreased as traders anticipate Federal Reserve Chairman Jerome Powell's address at the Jackson Hole Symposium, with expectations of rate cuts resuming in September. As traders prepare for Federal Reserve Chairman Jerome Powell's upcoming speech at the Jackson Hole Symposium, market volatility has notably diminished. Bitcoin's implied volatility has dropped to near two-year lows, while the VIX, a measure of market fear, has also fallen significantly. Analysts express concerns about potential market complacency amid economic uncertainties, with some predicting a 25 basis point rate cut in September. In the stablecoin arena, Tether has emerged as a major player, boasting a surplus of $5.46 billion and holding a substantial amount of U.S. Treasuries, positioning it as a significant liquidity provider in the crypto space. Meanwhile, Bitcoin is currently in a price discovery uptrend, with analysts suggesting a possible correction ahead, while Solana's recent ETF inflows indicate strong investor interest. Bitcoin's price is stabilizing around $118K, with analysts divided on whether it will dip to the $108K–$112K range or remain in a sideways trend, potentially allowing for altcoin rotation. Overall, the market is navigating a complex landscape of expectations and historical patterns. Show more
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Business Standard
33 minutes ago
- Business Standard
Stocks to Watch today, Aug 20: HAL, TaMo, Paytm, CIL, GMR Power, Coforge
Stocks to Watch today, August 20, 2025: Indian equities are poised for a negative start, amid mixed global cues. Last seen, GIFT Nifty futures were down 67 points at 24,967. Globally, investors await the Federal Reserve's annual symposium at Jackson Hole, Wyoming, from August 21 to August 23, where Fed Chairman Jerome Powell's comments will be scrutinised for any clues on the central bank's outlook on the economy and monetary policy. Overnight, US markets settled mixed, with the Dow Jones up 0.02 per cent, but the S&P 500 down 0.59 per cent and the Nasdaq down 1.46 per cent. In the Asia-Pacific region, Chinese markets traded mixed after the People's Bank of China (PBOC) kept the one-year loan prime rate (LPR) unchanged at 3 per cent, while the five-year LPR was at 3.5 per cent. Last checked, mainland China's CSI 300 was flat and Hong Kong's Hang Seng was down 0.86 per cent. That apart, Japan's Nikkei fell 1.58 per cent after the country's exports dropped 2.6 per cent year over year in July, notching their steepest drop in over four years. South Korea's Kospi slipped 2.03 per cent. However, Australia's ASX 200 was up 0.26 per cent. Here is a list of stocks to watch on Wednesday, August 20, 2025: Aditya Infotech: The company reported a net profit of ₹44 crore in Q1FY26, as compared to ₹30.4 crore a year ago. Its revenue from operations stood at ₹740 crore, as against ₹636 crore a year ago. Paytm: Motilal Oswal AMC, through its various schemes, bought an additional 26.31 lakh shares (representing a 0.41 per cent stake) in Paytm, according to reports. HAL: The government cleared the ₹62,000 crore order to procure 97 additional indigenous Light Combat Aircraft (LCA) Tejas Mk1A fighter jets from Hindustan Aeronautics Limited (HAL) for the Indian Air Force (IAF). Hero MotoCorp: The company launched the new Glamour X 125, India's most futuristic 125cc motorcycle. Tata Motors: The company's subsidiary TML CV Holdings Pte. Ltd. has filed a Euro 14.1 billion offer document with Commissione Nazionale per le Società e la Borsa, Italy, for a tender offer on Iveco Group. Coforge: Coforge has climbed the ranks in the mid-tier Indian information technology (IT) services space and is entangled in stiff competition with Mphasis, Hexaware and Persistent Systems to emerge as the next big company after LTIMindtree. According to data, Coforge is currently ranked number eight, behind LTIMIndtree and Mphasis. Ramco Cements: Chennai-based cement major The Ramco Cements said on Tuesday that it is targeting a revenue of around Rs 16,000 crore in the next four to five years, up from around Rs 8,539 crore in FY25. Hindustan Zinc: The company will aim to expand into uranium mining if the government opens up the sector to private players, its chief executive Arun Misra told Reuters on Tuesday. Coal India: State-owned Coal India Ltd (CIL) signed a pact with Konkan Railway Corporation to develop rail infrastructure for the company and its subsidiaries. Fusion Finance: Microlender Fusion Finance Limited (FFL) is targeting recoveries of around ₹200 crore over the next 12 months from its ₹3,400 crore stressed assets book, which includes written-off loans and non-performing assets (NPAs). Globe Civil Projects: The company received an order from the Haryana Cricket Association, Bhiwani, for the construction of an International Cricket Stadium at Lohat, District Jhajjar, Haryana. Lloyds Metals and Energy: The company has emerged as a successful bidder for the Tandsi-III and Tandsi-III extension coking coal mine, securing the project with a premium of 10.5 per cent in the Madhya Pradesh–Maharashtra border. IRFC: Indian Railway Finance Corporation (IRFC) has sanctioned and executed agreements for a fresh term loan facility of ₹199.7 crore with Surat Integrated Transportation Development Corporation Limited (SITCO) to support the development of the Surat Multi-Modal Transport Hub (MMTH). GMR Power and Urban Infra: The board will mull the proposal for raising funds of up to ₹3000 crore in a meeting on Friday, August 22, 2025. Endurance Technologies: The company has evaluated and approved capacity addition for ABS, disc brake systems, and brake discs. New machinery shall be installed primarily for manufacturing products at the company's existing plant situated at E-71, MIDC Industrial area, Sambhajinagar.
Time of India
an hour ago
- Time of India
Dollar grinds higher with Fed in focus in run-up to Jackson Hole
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve 's Jackson Hole annual symposium later this week for clues on the path for monetary policy . A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any push back against market pricing of a rate reduction next month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unexpected bill? Learn how emergency loans work SpellRock Undo Traders currently place 84% odds on a cut next month, and expect around 54 basis points of reductions by year-end. The dollar index, which measures the currency against six major counterparts, edged up to 98.393 early on Wednesday, the highest since August 12. It had gained about 0.4% in the first two days of this week. "Given the relatively high bar for Powell to meet, there's a bit of risk being baked into the markets that he leans to the hawkish side and the proverbial rug gets pulled from beneath investors," said Kyle Rodda, an analyst at Live Events In Asian hours, the Reserve Bank of New Zealand sets policy later in the day, with a large majority of economists predicting a quarter-point cut to the cash rate. The New Zealand dollar drooped close to Tuesday's nearly two-week low, last changing hands at $0.5895. "There's little reason for RBNZ to keep rates on hold," said Rodda. " Inflation is within its target band, and although it is no longer mandated to target the labour market, the unemployment rate is at a post-COVID high." For the Fed, traders ramped up bets for a cut on September 17 after a surprisingly weak payrolls report at the start of this month, and were further encouraged after consumer price data showed limited upward pressure from tariffs. However, a hotter-than-expected producer price reading last week complicated the policy picture. Powell has said he is reluctant to cut rates due to expected tariff-driven price pressures this summer. The Fed will release minutes from its July 29-30 meeting later on Wednesday, when the central bank held rates steady, although they may offer limited insight as the meeting came before the weak jobs numbers. The dollar advanced 0.1% to 147.78 yen. The euro eased 0.1% to $1.1633, the weakest since August 14. Sterling slipped 0.1% to $1.3476, the lowest since August 12. Australia's dollar edged down to $0.64485, a level last seen on August 1.
India Today
an hour ago
- India Today
Trump says Powell is crushing housing market, renews call for steep rate cuts
US President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and repeated his call for a big cut to US interest rates"Could somebody please inform Jerome "Too Late" Powell that he is hurting the Housing Industry, very badly? People can't get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut," Trump wrote on Truth is well off the highs seen during the pandemic, but some recent data has given a mixed picture and inflation continues to track above the Fed's 2 percent target range. Trump's latest salvo against Powell comes ahead of the Fed chair's Friday speech at the annual Jackson Hole central banking symposium, where investors will cleave to his every word for hints on his economic outlook and the likelihood of a coming reduction to short-term borrowing Fed's next policy meeting will be held on September and economists are betting the Fed will cut rates by a quarter of a percentage point next month with perhaps another reduction of similar size to come later in the year, far less than the several percentage points that Trump has called Treasury secretary, Scott Bessent, has promoted the idea of a half-point rate cut in US central bank cut its policy rate half a percentage point last September, just before the presidential election, and trimmed it another half of a percentage point in the two months immediately following Trump's electoral victory, but has held it steady in the 4.25 percent -4.50 percent range for all of this year. Fed policymakers have worried that Trump's tariffs could reignite inflation and also felt the labor market was strong enough not to require a boost from lower borrowing INFLATION PICTUREThe Consumer Price Index rose 0.2 percent in July, with the 12-month rate through July at 2.7percent, unchanged from June. Core CPI, which strips out the volatile food and energy components, increased 3.1percent year-over-year in July. Based in part on that data, economists estimated the core Personal Consumption Expenditures Price Index rose 0.3percent in July. That would raise the year-on-year increase to 3percent in July. The PCE is a key measure tracked by the Fed against its own 2 percent inflation despite a moderate rise in overall consumer prices in July, producer and import prices jumped, a suggestion that higher consumer prices could be coming as sellers pass higher costs onto households. The inflation picture comes amid a picture of a possible cooling in the labor market, with declines in monthly job gains, although the unemployment rate, at 4.2 percent, remains low by historical online attacks on the Fed and Powell more typically focus on the cost that higher interest rates mean for US government borrowing. High mortgage rates are a key pain point for potential homebuyers who are also facing high and rising home prices due to a dearth of housing rates can be loosely tied to the Fed's overnight benchmark rate but more closely track the yield on the 10-year Treasury note, which typically rises and falls based on investors' expectations for economic growth and inflation. A Fed rate cut does not always mean lower long-term rates -- indeed after the Fed cut rates last September, mortgage rates which had been on the decline rose recent weeks the most popular rate the 30-year fixed mortgage rate has drifted downward but at around 6.7percent most recently is still much higher than it had been before inflation took off after the pandemic shock and the Fed began its rate-hike campaign in 2022.- EndsTune InMust Watch
